LONDON--(BUSINESS WIRE)--Technavio has been monitoring the wearable technology market and it is poised to grow by USD 35.48 bn during 2020-2024, progressing at a CAGR of 13% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Popularity of wearable devices as a payment method has been instrumental in driving the growth of the market. However, rising concerns over data security and privacy might hamper market growth. Request a free sample report
Wearable Technology Market 2020-2024: Segmentation
Wearable Technology Market is segmented as below:
- Wireless Headphones
- Smart Bands
- Smart Clothing
- Smart Glasses
- Smart Rings
- North America
- South America
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Wearable Technology Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our wearable technology market report covers the following areas:
- Wearable Technology Market size
- Wearable Technology Market trends
- Wearable Technology Market industry analysis
This study identifies emergence of hybrid smartwatch market as one of the prime reasons driving the wearable technology market growth during the next few years.
Wearable Technology Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the wearable technology market, including some of the vendors such as Alphabet Inc., Apple Inc., Fossil Group Inc., Garmin Ltd., Huawei Investment & Holding Co. Ltd., LG Electronics Inc., Polar Electro Oy, Samsung Electronics Co. Ltd., Vuzix Corp. and Xiaomi Corp. Backed with competitive intelligence and benchmarking, our research reports on the wearable technology market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Wearable Technology Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist wearable technology market growth during the next five years
- Estimation of the wearable technology market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the wearable technology market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of wearable technology market vendors
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.